(Business in Cameroon) - On 5 November 2015, the Cameroonian subsidiary of CFAO Equipement had a notary public formalise in Douala, the economic capital of Cameroon, the sale of its business to Cameroon Motors Industries (CAMI), we learned in a legal notice published on 18 November 2015.

Through this transaction, we learned, CFAO Equipment withdrew from “the sales field consisting in light vehicles (Peugeot, Citroën Isuzu Greatwall), spare parts and after-sales services”, which have now been transferred to CAMI, a Toyota-partner car dealership. This sale follows the change of name of CFAO Equipement in Cameroon.

Indeed, consecutive to a decision from the board made public in October 2015, CFAO Equipement will now operate under the name of Loxea, following the purchase of the sales business for “machinery (civil engineering machinery, mining machinery, agricultural machinery), spare parts, elevators (Otis), water (Culligan), and after-sales services” of this Avis representative, who is incidentally one of the biggest operators in the long term car rental business in Africa.

BRM